EPX is the unified, stable, and secure processing platform with end-to-end payment solutions for merchants, banks, ISOs, and franchises around the world. For nearly 40 years, we’ve been at the forefront of the industry with superior security standards, patented technologies, and exceptional customer service. Now, we’re continuing to lead the way with our industry-best Debt Repayment Program.
EPX offers debt repayment solutions for Visa, Mastercard, and Discover, meaning our program can provide cost savings across the most widely used card brands in the market! Don't settle for only offering your customers one card brand to pay with, offer three.
This innovative program provides interchange incentives to certain types of merchants for accepting loan payments via unregulated Visa Debit (and prepaid) cards. The program allows merchants to charge an optional convenience fee for each transaction to help you cover your costs. Visa’s Program details are as follows:
Similar to the Visa program, the Mastercard Consumer Loan Repayment Program offers the following benefits for accepting unregulated Mastercard Debit (and prepaid) cards:
Discover has introduced an interchange program for its unregulated debit and prepaid cards. Benefits of the PSL - Debt Repayment program include:
Note that a convenience fee option is not available at this time.
The table below shows the interchange costs for the Visa Debt Repayment program, based on several example payment sizes. Remember, for qualifying transactions in the Visa program, Interchange will never cost you more than $0.65 (or $2.00 if a convenience fee is applied), regardless of how large the payment amount is.
| Example Payment Size | ||||
|---|---|---|---|---|
| Description | $100 | $500 | $10,000 | |
| Regulated Debit* | $0.27 | $0.47 | $5.22 | |
| Unregulated Debit | $1.80 | $8.40 | $24.75 | |
| Visa Debt Repayment Program | $0.65 or $0.80 (if convenience fee applied) | $0.65 or $2.00 (if convenience fee applied) | $0.65 or $2.00 (if convenience fee applied) | |
| Potential Per-Transaction Revenue** | $4.15 | $2.95 | $2.95 | |
The table below shows the interchange costs for the Mastercard Consumer Loan (Debt Repayment) program, based on several example payment sizes. For qualifying transactions in the Mastercard program, Interchange will never cost you more than $2.95, regardless of how large the payment amount is.
| Example Payment Size | ||||
|---|---|---|---|---|
| Description | $100 | $500 | $10,000 | |
| Regulated Debit* | $0.27 | $0.47 | $5.22 | |
| Unregulated Debit | $1.80 | $8.40 | $24.75 | |
| Mastercard Debt Repayment Program | $1.05 | $2.95 | $2.95 | |
| Potential Per-Transaction Revenue** | $3.90 | $2.00 | $2.00 | |
For qualifying transactions in the Discover program, Interchange will never cost you more than $2.40, regardless of how large the payment amount is.
| Example Payment Size | ||||
|---|---|---|---|---|
| Description | $100 | $500 | $10,000 | |
| Regulated Debit* | $0.27 | $0.47 | $5.22 | |
| Unregulated Debit | $1.80 | $8.40 | $24.75 | |
| Discover Debt Repayment Program | $0.86 | $2.40 | $2.40 | |
Enter a loan payment amount into this calculator to view its corresponding Interchange cost. Select the Visa convenience fee checkbox if you will be charging one.
All transactions are tokenized and the stored token can be used to make recurring payments. This reduces your PCI compliance scope by outsourcing it to EPX.
Our platform has safeguards in place to ensure that only debit cards can be accepted for debt repayment. Credit cards will automatically be declined and you will be notified. We perform this critical function so that you don’t need to worry about it. This will help ensure your program compliance with the card brands.
EPX provides a variety of detailed reports and data exports that show a wide range of details such as interchange and convenience fee details that will ease your reconciliation tasks. The reports and data exports are customizable and can be scheduled on a recurring or one-time basis. They can be exported in formats such as CSV, XML, and tab-delimited .txt files to facilitate data imports into most third-party reporting or other financial software packages.
Only merchants in the following two eligible Merchant Category Codes qualify for our Debt Repayment Program:
Financial Institutions
Merchandise, Services, and Debt Repayment
MCC 6012 must be used for the purchase of merchandise or services from or the repayment of debts to banks, savings and loans, thrifts, and credit unions. For example: the purchase of checks, other financial products, or promotional merchandise, deposits, the funding of an account or stored value card, the purchase of foreign currency, non-fiat currency (for example: cryptocurrency), money orders (a negotiable paper based remittance – not a Money Transfer), travelers cheques, and loan fees or financial counseling service fees. This MCC must also be used for the repayment of a debt, loan, or credit card balance by a cardholder to the financial institution.
Non-Financial Institutions
Foreign Currency, Non-Fiat Currency (for example: cryptocurrency), Money Orders (Not Money Transfer), Travelers Cheques, and Debt Repayment
MCC 6051 must be used for the funding of an account, the purchase of foreign currency, non-fiat currency (for example: cryptocurrency), money orders, or travelers cheques that occurs at non-financial institutions such as currency exchanges, money orders (a negotiable paper based remittance – not a Money Transfer) merchants, and hotels.
This MCC must also be used for the repayment of a loan or debt if the entity that holds the debt is not a financial institution.
A merchant that sells non-fiat currency such as cryptocurrency must use MCC 6051 for those transactions. All other transactions at the same merchant location must use the appropriate MCC for those transactions.
